How ironic that Credit Suisse was the first bank to issue an AT1 – otherwise known as cocos
The wiping out of the holders of Credit Suisse’s AT1 is to bond markets as seismic an event as the recent earthquake in Syria and Turkey was to its people.
The wiping out of the holders of Credit Suisse’s AT1 is to bond markets as seismic an event as the recent earthquake in Syria and Turkey was to its people.
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